Trinitas COO on Panel Discussion on Student Housing Development
(firmenpresse) - LAFAYETTE, IN -- (Marketwire) -- 04/17/12 -- Loren King, chief operating officer of , a fully integrated student housing company, discussed student housing development for Student Business Housing's 2012 Interface Student Housing Conference held in Austin, Texas. This national event is a conference and networking occasion that focuses on all facets of the student housing industry.
This distinguished panel, moderated by Greg Faulkner, President of Humphreys & Partners Architects, included, in addition to King, Brian Dinerstein, Principal of Sterling University Housing and The Dinerstein Companies; Judd Bobilin, President & CEO of Chance Partners, LLC; and Tom George, Director of Business Development of Wilmorite.
According to the panel, while development is increasing, we are still not in the development boom of the early 2000's. The student housing market is still driven by fundamentals such as market supply and demand, project location, and enrollment. It was emphasized that each student housing market is unique and, while macroeconomic factors are important, the microeconomics of each market are the most critical to the success of a new student housing development.
Panel members discussed the importance of a well planned project. In response to an attendee's question about appropriate amounts of parking for a new development, King replied, "There is not a one-size fits all answer. Parking is a market, sub-market and site-specific matter. A beltway property may need a one-to-one or greater space to bed ratio, but in certain markets a campus-proximate project could require dramatically less parking. Finding the answer starts with understanding your site and your market."
Other discussion topics included concerns about overbuilding. "The theme for 2012 needs to be 'discipline.' Lenders and investors are still exercising strict discipline with regard to whom they will provide capital," says King. "While investors and lenders are getting more aggressive on terms, they are still remaining highly selective in choosing qualified borrowers. Only experienced, well capitalized developers can secure construction financing and attract capital. This will continue to serve as a significant restraint on supply. The future for student housing continues to look bright."
Trinitas is a fully integrated student housing company that finances, develops, constructs, and manages high quality student housing communities at major universities throughout the United States. Trinitas currently owns and manages over $150 million in student housing assets and has an additional $70 million of student housing under development for August 2012 opening. Trinitas completed more than $170 million in student housing debt and equity financings in 2010 and 2011. The privately held real estate development company is headquartered in Lafayette, Indiana. Learn more about Trinitas at .
Kelly Rice
Treefrog Marketing & Communications
(765) 588-5808
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Datum: 17.04.2012 - 13:00 Uhr
Sprache: Deutsch
News-ID 135783
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LAFAYETTE, IN
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Schools & Cources, Colleges & Universities
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